Why is Qualitek Labs falling/rising?

As of 16-Sep, Qualitek Labs Ltd is experiencing a price increase, currently at Rs. 430.00, which reflects a rise of 15.0 or 3.61%. The stock has recently hit a new 52-week and all-time high of Rs. 430 today. It has outperformed its sector by 3.5% and has shown consistent gains over the last three days, accumulating a total return of 12.27% during this period. Additionally, the stock has demonstrated strong performance over various time frames, with a 1-month return of 35.65% and a 1-year return of 40.52%. The rising investor participation is notable, with a significant increase in delivery volume, indicating heightened interest in the stock.
In the broader market context, Qualitek Labs' recent performance stands out against the Sensex, which has only increased by 1.58% over the past week while the stock itself has risen by 8.59%. This indicates that the stock is not only gaining traction but also significantly outperforming the benchmark index. The liquidity of the stock is sufficient for trading, as it is based on 2% of the 5-day average traded value, allowing for trades of Rs 0.01 crore. Overall, the combination of strong stock-specific factors and favorable market conditions contributes to the upward movement of Qualitek Labs Ltd's stock price.